Tag Archives: Small Businesses

How To Calculate What To Save And What To Spend

**How To Calculate What To Save And What To Spend**



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Sallie Krawcheck, co-founder and CEO of Ellevest and a former Wall Street executive, breaks down a simple formula to help you figure out how much of your income you should spend and save.

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How To Calculate What To Save And What To Spend
even if you don't know what your goals are try to start as soon as you can and what you should shoot for is of your take-home pay 50% of it should go to needs it's your rent that's the car that you need to drive to work that's your work wardrobe 30% to fun because we're only on this earth a short amount of time we need to have fun and 20% goes to future you whether that's grandma Esther you or whether that's 10 years from now buy the home you beginning to sock that away now for a lot of folks that can be difficult to get to so start with 1% goes to future you 2% do what you can start where you are but you know support grandma Esther in some way because you know at some point you're not gonna be able to support yourself

Easy Ways To Save On Insurance | CNBC Make It.

**Easy Ways To Save On Insurance | CNBC Make It.**



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NerdWallet lays out seven ways to save on homeowners insurance to get the protection you need at a better price.
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Easy Ways To Save On Insurance | CNBC Make It.
tip number one bundle your auto and home insurance policies many providers such as estate progressive and American family offer discounts which could save you as much as twenty percent tip number two make your home more secure you can qualify for cheaper rates by upgrading systems like plumbing and electrical or by adding features that make your house tougher to penetrate like storm shutters and deadbolt doors tip number three look for more obscure discounts simply setting up automatic bank payments or being a new homeowner could qualify you for discounts so make sure you ask tip number four raise your deductible a common deductible is between 500 and a thousand bucks making that number higher could bring your rate lower tip number five shop around since your provider may no longer be offering the best deals it always pays to browse around and compare you

How To Manage Credit Card Points And Debt

**How To Manage Credit Card Points And Debt**



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Chris Hutchins has over 10 million credit card points. He started his journey more than a decade ago with an initial goal of 1 million points. For Chris and his wife Amy, credit card rewards allow him to indulge in travel, something he loves but would never otherwise splurge on. Here are his top 3 tips for managing credit cards.

1) Pay off your credit cards in full each month. Chris stresses that before getting into the credit card rewards game you should make sure you’re comfortable paying your debt off in full every month. According to Chris and other personal finance experts, “There’s no amount of points that is worth taking on interest payments for your credit cards. Most of these points earning credit cards have pretty high interest rates.”

2) Don’t overspend just to earn points. According to Chris, “earning credit card points isn’t free,” but assuming you’re already spending money and you aren’t spending more than you would to get points you are getting a return over spending with a debit card or cash.

3) Don’t close older credit cards. Two factors that impact your credit score are the amount you’re spending relative to the total amount of credit available and the average age of your accounts.

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How To Manage Credit Card Points And Debt
I think credit card rewards the magic is finding the thing that you care about that you can use them to maximize so before anyone gets into the points game if you will make sure you are comfortable with paying down your credit cards and paying them off in full each month there's no amount of points that is worth taking on interest payments for your credit cards most of these points are any credit cards have pretty high interest rates and so if you can't pay the bills at the end of the month no points are worth it earning points is not free in that you have to spend money but to the extent you're already spending money and you're not increasing the amount you're spending in order to get more points and you're spending within your means and you're not you know going overboard okay you are getting three points and that you know if you just use your debit card you would not be getting anything and if you use your credit card with points you would be getting something but if you go buy a bunch of stuff you don't need just to earn more points you're actually gonna be sometime when you open up a new card you end up having more total credit and so your utilization or the amount of dollars you're spending relative to the total amount of credit you have actually ends up going down because you have a much bigger denominator in terms of more credit so more cards actually helps you in a couple camps but you know other factors like having an average history if you open up three new cards that are all you know one month old it really brings down the average age of your credit history having a few cards for a really long time and keeping those cards around because they help improve your average history is is helpful so when you open up a new card don't close your oldest card to get your new card maybe downgrade it to a card with no fee even if you're not using it

Facebook Ads vs Groupon: PROS and CONS for small businesses!

**Facebook Ads vs Groupon: PROS and CONS for small businesses!**



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How familiar are you with Facebook ads and Groupon when it comes to small businesses? Maybe you’ve wondered which route would be better for your own business. Check this video out and watch as I go over the PROS and CONS of deciding which platform to use when trying to attract new clients/customers for your business!
all right quick question are you more familiar with how Groupon works for your business or are you more unfamiliar about how facebook marketing works for your business either which the way I'm gonna break down to both of them for you today I'm gonna be going over the best option in my opinion as a digital marketer for your small business all right so we're gonna start off with Groupon just in case there's any of you guys out there you know being mistreated and used and abused by Groupon I want to save you guys first all right so I'm pretty sure we all can agree that Groupon is for bargain hunters these are the people that are looking for a deal any way possible all right and of course freebie seekers there's nothing but freebie seekers and bargain hunters on Groupon meaning that nine times out of ten you won't be seeing them again once they come in for your offer all right the freebie seekers are the worst they want borderline free things free services free products simply because they downloaded that app now another thing about rupaul is that Groupon themselves actually dupe you out of 50 percent of your money which is I swear that's crazy if you're watching this video and you have your Groupon services up there please please take them down because they're not they're not doing right by you okay trust me when I say that they're taking 50% of what it is that you're making that's crazy so if you have a $50 offer that would usually go for 50 bucks you put it on Groupon and settle for half hoping that whoever comes then and buys that offer is gonna come in again when in actuality everyone on Rupe on is bargain hunters our bargain hunters and freebie seekers you know what I mean so that equation just doesn't add up to a longevity of profit if you ask me I mean not don't get me wrong I know some of those leads that come in from Groupon do become lifelong patients but I won't average their bargain hunters and freebie seekers and you shouldn't allow them upon to take half of your money to deal with bargain hunters and all right because the only one true main audience on Groupon is bargain hunters and freebie seekers best that's the main audience on Groupon and that's a fact that's the fact you can't fight that all right now on the other hand of things when you slide on over here to the Facebook life the Facebook Ads life you'll be treated a lot better all right they take care of you over their facebook facebook allows you to do something called disruptive marketing and disruptive marketing for example would just be you know I'm scrolling on Facebook and I know that I should go get my teeth cleaned I'm past due for teeth cleaning right now say you're a dentist and you're advertising on Facebook and you have a disruptive marketing strategy going on right so I'm scrolling I'm scrolling but you know I see an ad with a pretty good offer saying you know $25 teeth cleaning with exam and x-rays I'm oh boy oh boy oh boy let me sign up for that let me go ahead and you know pay my twenty five bucks and hopefully if they do a good job I'll stick around you know what I mean so that's pretty much how it works with that so with that being said you get more qualified leads out of Facebook simply because they're interested in what it is that you have to offer but they're just not looking for a discount you know what I mean it's pretty much you know it's black and gray on field it's black and white on Facebook there's no gray spots like is either I'm gonna pay for what it is that you have to offer at the price that it is or I'm just not interested in versus Groupon you have to mark down your your your average prices just to attract a bargain hunter or a freebie seeker it doesn't make sense to do that when you can do this all right and Plus on top of that there's disruptive marketing which leads to more qualified leads on top of that Facebook advertising is the cheapest form of marketing with the highest return on investment all right you can literally run five to ten dollar heads a day and generate leads for as low as change on the dollar honestly you can like literally get leaves for like 50 cents if you're doing retargeting all right that's a rare occasion I don't want you to think like all gone you know 50 50 cent leaves oh boy yeah it's true but at the same time you know usually there's a little bit up there a little higher than that but I'd say on average you can get leads from anywhere from five to ten dollars depending on what it is that you're offering if it's a more high high ticket service you might you know spend around 15 to 20 bucks even if you get a $30 lead for $100 service or something like that that's that's still pretty good that that's good you're you're in the green versus being in the rain group on your water line start off at the red hoping that you transition into the green with time but we're not going for that we don't want that alright so again cheapest for marketing with the highest return on investment and on top of that it allows targeting to your specific audiences now I'm not sure if you saw my other video talking about your ideal patients but that's what this is about targeting you can literally pinpoint and target exactly who it is that you're looking for based on their interests their behaviors and their demographics in Facebook's database all right very powerful stuff very powerful go check that video if you haven't already okay and to top it all off there's 2.5 billion users active monthly users on Facebook even between 2.5 and 2.7 but there's even I believe there's a mill over a million daily active users on Facebook every single day not even to include Instagram because Facebook owns Instagram and Instagram it's the hottest thing around as of now they Instagram is literally bigger than Facebook all right depending on your demographics in that case right if you're an older person you might be on Facebook a little bit more but the younger crowd the Millennials are definitely on Instagram having a good time all right but did you know fun fact here just on top of this that the age between the ages of 30 and 65 year olds all across the country are literally on Facebook some people think that you know Grandma and Grandpa aren't on Facebook and that's where they're wrong they're like there are senior citizens no offense to any of you guys that are watching this if you're watching this there are literally people of all ages on Facebook and Instagram oh right Groupon I mean I guess all ages on Groupon but the thing is the difference you can't target them you gotta you you got a hope that they come to you and you got a hope that they're genuinely interested in and then on top of that you just gotta hope that they're just not a complete bargain hunter or a freebie seeker all right so with that being said take this all in consideration if you know what I know which in this case now you do Facebook is the way to go do not do not do business with Groupon if you are a small business owner all right trust me Facebook is definitely the better way to go trust me see you in the next video

How To Spend The Money From Your First Job

**How To Spend The Money From Your First Job**



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“The first thing you need to do is pay yourself first,” says co-founder of AE Wealth Management and best-selling author David Bach. For Bach, this means you …